Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Brexit Series: Macron’s victory tough news for Brexit Britain

The French independent candidate and the leader of the ‘En Marche’ movement Emmanuel Macron have won a decisive victory in the second round of the French election beating the Front National candidate Marine Le Pen. With 96 percent reporting, Macron has received 65.5 percent of all votes.

The UK Prime Minister Theresa May were among the early birds to congratulate President-elect Macron over his victory, however, his win does not bode good news for the United Kingdom in its ongoing tussle with the EU over Brexit. Macron made his tough stance towards Brexit very clear in his interviews during the election campaign. His win strengthens the European Union as he was able to defeat Marine Le Pen, who had promised to tear France out of it. In addition to that, Emmanuel Macron is a person who believes that the good days of the EU not over and feels that it can grow even stronger under the right leadership.

The French President-elect has called Brexit a "crime" and looks set to treat Britain very harshly when negotiating the terms of the country's divorce with the EU. Speaking to Channel 4 news in February, Macron said, “If your Government decides to organize a Brexit, I will be pretty tough on it…….We have to preserve the rest of the European Union and not to convey the message that you can decide to leave without any consequences." He added that the UK would not have passport access to the single market if it chooses to leave the EU. Speaking to Bloomberg in a separate interview he confirmed his tough stance towards Brexit.

Being the second largest economy in the UK, France has an immense influence in the EU and when the leader there wants the UK to pay for Brexit, then that is really a tough news for Britain.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.